GameStop fires CFO, announces layoffs as part of aggressive turnaround plan

• CEO Furlong clarified that company is taking bold steps as it invests in its digital future

GameStop Corp (NYSE: GME) has fired its Chief Financial Officer, Mike Recupero, and the company is laying off workers across departments, CNBC reported on Thursday, citing an internal memo to the employees seen by the news outlet.

The move comes as part of an effort to turn around the videogame retailer and drive growth.

Recupero, who joined GameStop about a year ago, was “fired because he was not the right culture fit” and was “too hands-off,” and was pushed out by GameStop chairman Ryan Cohen, a person familiar with the matter told CNBC.